MicroStrategy's Bitcoin Holdings Boost Q1 Earnings and Potential for Riches.
TL;DR Summary
MicroStrategy, a business analytics software company, holds approximately 140,000 Bitcoin as a balance sheet treasury asset, making it the largest corporate holder of Bitcoin. Berenberg initiated coverage of the stock with a "Buy" rating and a $430 price target, suggesting that MicroStrategy shares offer an attractive way for investors to gain exposure to Bitcoin and navigate the digital asset space amidst an ongoing regulatory crackdown. If investors increasingly turn to Bitcoin as an alternative currency amidst macro-related fears, then MicroStrategy shares stand poised to benefit.
- MicroStrategy's Bitcoin Stash Could Potentially Make It The World's Richest Company - MicroStrategy (NASD Benzinga
- Michael Saylor's MicroStrategy Books a Much Smaller Bitcoin Impairment Charge CoinDesk
- MicroStrategy Posts Profit on Benefit Tied to Bitcoin Holdings Bloomberg
- MicroStrategy Q1 Earnings Highlights: Revenue Beat, Cloud Update And How Many Bitcoin Company Holds - Mic Benzinga
- MicroStrategy Announces First Quarter 2023 Financial Results Yahoo Finance
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